Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Emirates will accept Bitcoin and will launch an NFT collection

Emirates, the country’s largest airline, has announced plans to accept bitcoin as a payment method and to allow customers to trade NFT collectibles on the company’s website.

At the Arabian Travel Market international travel trade show, Emirates’ chief operations officer Adel Ahmed Al-Redha said that the Dubai-based airline also aims to use blockchain technology to track aircraft data.

The COO did not say when the new capabilities will be available, but he did say that he expects to employ more people to work on crypto payments, blockchain monitoring, metaverse, and non-fungible token (NFT) projects.

He went on to say that the carrier’s blockchain-related efforts are part of an attempt to better “monitor customer needs” and make operations, training, and online sales more “interactive.”

Emirates declared in April that it will spend “tens of millions of dollars” on a metaverse expansion plan and the creation of collectible and utility-based NFTs, with a launch scheduled in the coming months.

As an increasing number of Dubai-based businesses use blockchain and cryptocurrencies, the Virtual Assets Regulatory Authority (VARA) has officially joined the metaverse. The cryptocurrency regulator has acquired land in The Sandbox metaverse in order to build a virtual headquarters, or “MetHQ.”

Several more airlines have begun to accept cryptocurrency as payment. AirBaltic was the world’s first airline to accept bitcoin as payment for flight tickets in 2014. It now also accepts ether and dogecoin.

El Salvador’s President Nayib Bukele said in October 2021 that the Central American country’s low-cost airline Volaris will accept bitcoin, however this plan has yet to materialize.

About Nicolle

She is an Indian Freelance writer. She loves thinking, learning, and writing about all things Web3.

Latest NFT News, Trendings and Tutorials, right in your inbox, every Monday

IMPORTANT DISCLAIMER: All content provided here in our website, hyperlinked sites, social media accounts and other platforms are for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them.

Recommended Posts

Leave a Reply

Your email address will not be published. Required fields are marked *